MLS#1224449
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Value-Add Opportunity! Neighborhood strip center for sale in high-traffic location with excellent parking.Concrete block construction. New TPO roof in 2018 (as per the owner).The list price is well below replacement cost ($140/SF).Center needs to be leased up (currently only 67% occupied with many current tenants paying below market rents). Currently 67% occupied. A city code lien is preventing the owner from leasing any of the vacant units. The building is in code compliance, but the fines will be paid at closing. Once the fines are paid, the new owner will be free to rent the vacant spaces.After renovation/clean-up, projected income is comfortably $13 per square foot net ($17/SF modified gross). or $100,200-$116,900/year NET income.
Property Features
Property Type: Commercial - Business
Lot Size: 1.03 Acres
Taxes: $9,474
Year Built: 1978
Feature Descriptions
Days on Site: 13
Directions: xx
Lot: Other
Parcel #: 5344-16-00-0230
Parking: Other
Property Attached Y/N: No
Property Sub-Type: Retail
SQFT Total: 8350
Listed By / Shown By
Listed By
Agency Name: SVN Alliance Commercial Real Estate Advisors
Shown By
Agency Title: Adams Cameron & Co. REALTORS
Agency Phone: 386-717-3445
2141 S Ridgewood Avenue | MLS# 1224449
This commercial property located at 2141 S Ridgewood Avenue, South Daytona, FL 32119 is currently listed for sale with an asking price of $1,175,000. Search South Daytona real estate on www.adamscameron.com today.